There were some interesting moves in the world of stocks today. Google’s parent company, Alphabet, did not do as well as expected and its shares fell more than 8%. On the other hand, Microsoft had a great day. Its shares rose 4% after it performed very well in its earnings report.
The Dow Jones, which shows how well big companies are doing, rose a little, about 0.2%. But the S&P 500, which analyzes 500 large companies, fell 0.6%. The Nasdaq, which focuses on technology companies, fell more than 1%.
Some other really big companies like Amazon and Meta (owner of Facebook) didn’t have such a good day. Its shares fell about 3%. Meta will tell everyone how it went after the stock market closed today.
Technology companies, especially, went through difficult times. This is because interest rates, which are like the price of borrowing money, have gone up. When rates rise, it can be more difficult for technology companies to do well in the stock market.
One more interesting thing happened today. Shares of Deutsche Bank, a large bank in Germany, rose almost 7% after making more money than people thought. This is good news for the bank and for the financial world.
So today was a day with some ups and downs in the stock market. Big tech companies had a tough time, but some surprises, like Microsoft’s success and good news from Deutsche Bank, added some excitement to the day.
Also read: Big Tech Earnings Impact Stock Futures: Nasdaq Falls; The alphabet faces backwards